A guide to property prices in SE16 2

A view of South London terraced houses and their chimneys

As a popular destination for renters, first time purchasers, and real estate investors, South London has seen appreciable growth. At Jukes, we aim to delve into how property values have changed over the years and provide essential tips to help you: sell or buy a home at an optimal value.
In this guide we’ll study macroeconomic factors impacting property prices, and carefully inspect price variations based on the type of property you own or plan to obtain.
Note: The data in this piece includes 2010 – 2021. We’re enhancing this model and article with the most current 2023 information.

Forecasting SE16 2 property prices in 2024-2025

At Jukes we’ve tried solving this puzzle for 35 years – honestly, no magic crystal ball accurately predicts future prices. Too many factors drive costs, as you’ve read.
AI and machine learning are improving trend prediction models, but can’t yet account for external factors. The property market can quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for SE16 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our view won’t change as of February 2024. Though the curve’s slope may shift ahead.

Location factors affecting property prices in SE16 2

Closeness to public amenities

One major feature of a property may not necessarily be the size of the garden or the number of rooms. Obviously these correspond to your needs as a buyer, and landlord or a seller. What will truly bring value to your property in SE16 2 will also be its proximity to amenities.

The following ones make a significant impact on the price.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

We have gathered in the following table how your postcode sector (SE16 2) is served according to the above list

Type of amenities Number in SE16 2
NHS Trusts (hospitals) 0
Practioners 26
Pharmacies 1
Schools 6
Shopping centres (within 5mi) 15
Public transports (train or tube stations) 2

Future developments around

An area’s popularity can be gauged by its number of planned or in-progress developments. More housing means more residents, increasing demand. To see if this impacts SE16 2 properties you may buy or sell, we’ve gathered all upcoming developments from the London mayor’s website into the table below. Now that we’ve analysed how the price per square metre in SE16 2 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Comparing SE16 2 with nearby postcodes

To provide more SE16 2 insight, we’ve done similar deep dives on nearby postcode sectors too.
Check the table below and feel free to navigate around. You may find interesting opportunities and info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
SE16 2 £7880.43 See our analysis on SE16 2 property prices
SE16 3 £6447.69 See our analysis on SE16 3 property prices
SE16 4 £9030.24 See our analysis on SE16 4 property prices
SE16 5 £7647.06 See our analysis on SE16 5 property prices
SE16 6 £8144.84 See our analysis on SE16 6 property prices
SE16 7 £7541.36 See our analysis on SE16 7 property prices

Examining property prices in SE16 2

To initiate our property price guide, we want to summarise how costs are distributed in SE16 2 by property type. To accomplish this, we’ll examine the price per square metre to evaluate the breakdown. We determine the price per square metre by accessing the price paid data from the Government’s website. We then divide the price by the property’s size.
This provides the exact price per square metre paid. We categorise these prices into ranges (£1000-£1500) indicating a property was sold for a price per square metre falling between £1000 and £1500.

For other types of property

Beyond houses and flats, SE16 2 has seen other property types trade hands over the years, though these make up a small portion of 2021 sales. We’ve shown the price per square metre distribution for these assorted properties in the chart below.

If you’re aiming to buy or sell a more unique property in this group, please contact us for additional insight and details. We can provide an accurate, tailored valuation.

For houses

In SE16 2 in 2021, there were 5 houses sold. This represents a decrease of -44.44% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in SE16 2 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in SE16 2 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £6002.93.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inSE16 2 (in£) Growth Rate (in %)
2021 £6002.93 -%
2020 £7880.43 -28.2%
2018 £6727.14 -15.9%
2016 £6375 -11.3%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a SE16 2 house was £6727.14. Against the newest 2021 data, the median house price per square metre rose by -15.90%%.

For flats

In 2021, 26 flats sold in SE16 2 – a/an increase/decrease (choose one) of 18.18%% versus 2020. To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve created the chart below.

The price distribution provides a helpful snapshot, but the median price also offers insight. In 2021 the median price per square metre for a SE16 2 flat was £6107.72. This means 50% of flats sold for less than this.
See the table below to observe how the median price changed from 2016 to 2021.

Year Median Sqm Price inSE16 2 (in£) Growth Rate (in %)
2021 £6107.72 -%
2020 £6247.94 -22.7%
2018 £6394.02 -24.5%
2016 £6015.33 -19.7%

Understanding the table – example with 2020: In 2020, the median flat price per square metre in SE16 2 was £6247.94. Compared to the newest 2021 figures, the median flat price per square metre evolved by -28.21%%.

Important note

What we are presenting here is a factual analysis of the prices buyers paid. It is not here to give an explanation of what makes the price evolve. If you are interested in finding out more about the factors that impact the value of your property, you can have a look below.

Please also note that only an agent truly nested in your area will have the knowledge to assess the value of your property or the property you want to buy as they are at the forefront of the demand and the supply.

Looking to buy or sell your property in SE16 2?

Our team at Jukes gives you a valuation in less than 24h or help you find the properties you have been dreaming of

Socioeconomic factors influencing the price of a property in SE16 2

Household income and employment rates in SE16 2

Another factor impacting price is the area’s average household income. Prices tend to increase where incomes are rising. See below for SE16 2’s household income level, as it may positively influence selling your property. We can’t exclude the employment rate from this socioeconomic analysis. It directly relates to household income. The data shows a clear correlation between the job rate and SE16 2 property prices too.
The map below displays your sector’s employment rate. Apart from location, the property market also reacts to economic and demographic factors like interest rates, population growth, and average household income.

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Property factors driving price rises in SE16 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
For built form, we look at:

Built form Definition according to RCIS website
Detached “A detached house is a stand-alone residential structure that does not share outside walls with another house or building.”
Semi detached “A dwelling attached to another building or dwelling by one common party wall. Often each house’s layout is a mirror image of the other.”
End-Terrace “End of terrace used to describe a house situated at the end of a row of houses only joined on one side to a joining property.”
Mid-Terrace “Mid Terrace used to describe a house situated in the middle of a row of similar houses.”

Property sizes

Obviously the floor area impacts the price you’ll sell or pay for. To better understand SE16 2, we’ve created charts below showing property distributions by total floor area.
If you’re looking to invest or buy in SE16 2, this may provide insight on opportunities.

Total floor area distribution for SE16 2 houses

Total Floor area distribution for flats in SE16 2

Total Floor area distribution for other property types in SE16 2

Consider buying or selling in South London? Go with Jukes!

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